Author: Kimberly Mcquate
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U.S. manufacturing activity sank to a 15-month low in October 2024
The ISM’s October Manufacturing PMI® report indicates continued contraction in U.S. manufacturing, with an overall index at 46.5%. Key metrics like New Orders (47.1%) and Production (46.2%) show slowed activity, while employment slightly improves. Political shifts may lead to a more favorable outlook for industry growth moving forward.